5 Features You Should Seek For Secure, Compliant Accounting Software in the Insurance Industry

5 Features You Should Seek For Secure,
Compliant Accounting Software in the Insurance
Industry
The insurance industry is a heavily regulated industry that requires assurance and compliance
that only the best accounting software companies can provide. If you work in the insurance
industry, you should be well-versed in the unique struggles you face--and you should seek
software that helps you do your job better.
Here are five features you should seek and expect from your accounting software if you work
within the highly regulated insurance industry:
1. Additional automation. This will provide better security, more internal controls, and less
risk of human error.
2. Stronger reporting. This should include the ability to facilitate the creation of statutory
reports.
3. Flexibility. This should include the ability to quickly adapt to the ever changing
compliance requirements.
4. Simplified, multi-book accounting. This enables users to track GAAP, statutory, and
adjust simultaneously.
5. Better security. This will provide more internal controls, less manual intervention, and
stronger reporting for maintaining compliance requirements.
Flexi for your insurance company
Flexi understands the heavily regulated insurance industry and can guide you through the
implementation process to ensure that the security, compliance, and performance mandates
you need most are met.
When you choose Flexi as your accounting software provider, you gain the expertise of 25+
years serving insurance customers. Additionally, you gain the expertise of the government
entities that rely on Flexi to efficiently manage claim processing needs associated with
healthcare programs and disaster relief assistance.
With a seamless integration into policy, billing, and claims systems, Flexi creates superior
efficiency and accuracy for insurance companies that cannot be replicated by ordinary
accounting software. Feature highlights include:
● Multi-company, multi-books (GAAP, STAT)
● Premiums recognition
● Workflow automation

● Claim payments
● Built-in compliance and audit
● Powerful allocations
● Global currency conversion
● Reporting and analytics
Flexi’s comprehensive financial management software simplifies and automates the entire
accounting workflow process, without compromising security. Flexi’s open architecture meets
even the most stringent security requirements yet allows data to flow seamlessly with any
system, whenever and wherever business needs dictate.
Flexi delivers all the rich features you’d expect in a top tier accounting solution, but without the
high cost. With quick implementation that can be deployed on-premises, in the cloud or in a
hybrid environment, Flexi will not only simplify your accounting processes today, but also will
have you ready to adapt quickly to market or business changes in your future.
Learn more about Flexi today. Call 800-353-9492.